There is a global trend where each nation desires to establish its own semiconductor manufacturing facilities. As a consequence, there is a significant increase in spending on constructing semiconductor plants worldwide. The United States is expected to lead this surge by nearly doubling its spending over the next two years. Following closely, South Korea and Taiwan are projected to experience spending growth in the mid to low teens during the same period. With this as a base case scenario, we are actively investing in companies that stand to benefit from this remarkable spending growth.